Copeland Capital Management LLC Sells 2,401 Shares of Domino’s Pizza Inc $DPZ

Copeland Capital Management LLC cut its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 3.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,977 shares of the restaurant operator’s stock after selling 2,401 shares during the period. Copeland Capital Management LLC owned 0.18% of Domino’s Pizza worth $21,519,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Berkshire Hathaway Inc raised its position in shares of Domino’s Pizza by 12.3% during the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock valued at $1,396,347,000 after buying an additional 368,055 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Domino’s Pizza by 0.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock worth $837,091,000 after buying an additional 7,497 shares in the last quarter. State Street Corp boosted its position in shares of Domino’s Pizza by 3.8% during the fourth quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator’s stock worth $570,595,000 after acquiring an additional 49,613 shares during the last quarter. Geode Capital Management LLC grew its stake in Domino’s Pizza by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,026,391 shares of the restaurant operator’s stock valued at $432,033,000 after acquiring an additional 19,019 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Domino’s Pizza by 4.5% during the fourth quarter. Invesco Ltd. now owns 961,000 shares of the restaurant operator’s stock valued at $400,564,000 after acquiring an additional 41,170 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DPZ. DA Davidson reduced their price target on shares of Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. TD Cowen dropped their price objective on shares of Domino’s Pizza from $350.00 to $295.00 and set a “hold” rating for the company in a report on Thursday, July 9th. Morgan Stanley cut their price objective on Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating for the company in a research report on Wednesday. Rothschild & Co Redburn reduced their target price on Domino’s Pizza from $340.00 to $290.00 in a report on Monday, May 11th. Finally, Sanford C. Bernstein decreased their target price on Domino’s Pizza from $470.00 to $390.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 28th. Seventeen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and a consensus price target of $400.57.

Domino’s Pizza Stock Down 2.3%

DPZ stock opened at $322.18 on Friday. Domino’s Pizza Inc has a 52 week low of $282.00 and a 52 week high of $496.00. The company has a fifty day simple moving average of $308.93 and a two-hundred day simple moving average of $358.76. The firm has a market capitalization of $10.72 billion, a P/E ratio of 18.55, a price-to-earnings-growth ratio of 1.59 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The business had revenue of $1.15 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.33 EPS. As a group, analysts anticipate that Domino’s Pizza Inc will post 18.88 EPS for the current year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $1.99 dividend. The ex-dividend date was Monday, June 15th. This represents a $7.96 annualized dividend and a yield of 2.5%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.83%.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total transaction of $152,822.08. Following the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $2,928,672.32. The trade was a 4.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 1,950 shares of company stock valued at $611,451 in the last ninety days. Company insiders own 0.89% of the company’s stock.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand?crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.